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For all employees who are hired on or after July 1,2012 and retire from service,the City <br /> shall provide the following benefit: <br /> The City shall pay for each year of service equivalent to four percent(4%) of the City's <br /> contribution toward the monthly premium for single coverage. <br /> 2. Disability Retirement <br /> For all employees who retire due to disability, the City shall pay a percentage of the <br /> City's contribution toward the monthly premium for single coverage for the lowest cost <br /> HMO plan in accordance with the schedule set forth below: <br /> Years of Service City's Contribution <br /> 10 20% <br /> 11 25% <br /> 12 30% <br /> 13 35% <br /> 14 40% <br /> 15 45% <br /> 16 48% <br /> 17 51% <br /> 18 54% <br /> 19 57% <br /> 20 80% <br /> 21 84% <br /> 22 88% <br /> 23 92% <br /> 24 96% <br /> 25 +years of service 100% <br /> 3. City Contributions <br /> The City's contribution for retiree medical is established as the same dollar contribution <br /> paid for active employees at the single rate of the lowest cost HMO early retiree plan. <br /> 4. Reimbursement for non-City Plans <br /> In the event a retiree obtains medical coverage through a plan not offered through the <br /> City of Pleasanton, the City will reimburse the retiree up to the amount outlined in <br /> Section 16.2 D.3 for the single rate, but no more than the amount paid by the retiree. <br /> Retirees must supply proof of coverage and proof of payment in order to be reimbursed. <br /> 5. Benefits for Medicare Eligible Retirees <br /> Retiree health benefits will cease once a retiree becomes Medicare eligible. <br /> 26 <br />